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Seadrill, SapuraKencana land $2.7bn deal

Upstream: 27 June 2013

Malaysia’s SapuraKencana and Norway's Seadrill have landed a $2.7 billion contract from Brazilian giant Petrobras for three flexible deep-water pipe-laying support vessels.

The award was made to the duo's 50/50 venture Sapura Nevegacao Maritima after a competitive tender.

Sapura Nevegacao is to build, charter and operate the PLSVs for a firm period of eight years, with an option to extend for eight more years.

SapuraKencana chief executive Shahril Shamsuddin said the three vessels would be equipped to lay flexible pipelines in up to 3000 metres water depth.

The trio, to be built outside Brazil, are due for operational delivery starting in the second quarter of 2016.

The Malaysian integrated services provider said the latest win came on top of a November 2011 order it gained from the Brazilian state player for three PLSVs.

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